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Following
TRX Geneva, Switzerland, July 24, 2026-CoinDesk and CryptoQuant released comprehensive reports for the second quarter and first half of 2026 respectively, focusing on the performance of the TRON network. These independent analyses point out that TRON continues to dominate global stablecoin settlement and agreement revenue, while also developing into a broader infrastructure layer serving applications, commercial payments and agency economies, consolidating its role as a key infrastructure for digital finance.
CoinDesk Report
CoinDesk's "TRON Networks Quarterly Report: Second Quarter 2026" highlights the continued expansion of the TRON ecosystem, including access to regulated U.S. markets through Bitnomial, tokenized private credit projects with Securitize and Hamilton Lane, and interoperability integrations covering more than 150 blockchain networks. The report also mentioned TRON's growing role in the proxy AI space through B.AI, deBridge's Model Context Protocol (MCP) servers and its participation in the Proxy AI Foundation, while emphasizing the network's relative strength and resilience during the quarter.
CoinDesk Key Insights
User Growth and Point-to-Point Activity
In the second quarter of 2026, TRON's average daily active users reached 3.5 million, up from 3.2 million in the first quarter. As of June 30, approximately 93% of TRON's stablecoin transfers were point-to-point transfers, accounting for the highest proportion of all tracked chains.
stablecoin market share and USDT growth
TRON's share of total stablecoin market value rose to 28.7% from 27.3% in March, and USDT on its network reached a record high in the second quarter, just over US$89 billion (currently US$90 billion), accounting for 47% of the total USDT market value. In the native issuance chain, TRON's share of USDT transfers below $1000 also climbed from 43% to 52%.
Crypto-payment card dominance
Crypto-payment card transaction volume increased from US$2 billion in the first quarter of 2026 to US$2.4 billion in the second quarter. During the same period, TRON's share of crypto card transactions also increased from 33% to 34%, the highest among all tracked chains, totaling approximately US$887 million.
CryptoQuant Report
CryptoQuant's "Beyond Point-to-Point: How TRON Becomes the Infrastructure Layer of the Application, Enterprise, and Agent Economy" highlights the continued evolution of the TRON ecosystem, pointing to the increasing use of Gas-free transaction infrastructure, cross-chain mobility routing, and machine-to-machine payment capabilities. The report notes that TRON's mature role in peer-to-peer transfers and remittances is expanding to include enterprise applications, developer infrastructure and emerging proxy AI use cases.
CryptoQuant Key Insights
Rapid Expansion of Gas-free Infrastructure
GasFree is a project built on TRON that allows users to transfer USDT without having to hold a TRX to pay Gas fees. Its weekly transfer volume climbed from a peak of $1.9 billion in 2025 to $2.9 billion in the last week of June 2026, and reached a record of $3 billion in early May 2026. The model remains cheap and stable, with an average transfer amount of US$16,300, an average fee of US$1.5, and an actual rate of only 0.009%.
Cross-chain liquidity empowers physical commerce
Cross-chain liquidity service Rhino.fi integrates with payment platform Wirex to deliver USDT on TRON to more than 30 networks, converting deposits into consumable balances in 10 seconds. Rhino's weekly USDT outflow from TRON soared from approximately $1 million to a record of $48 million in mid-June 2026, and the average transfer amount increased to $24,000.
TRON Driven Proxy Economy
Promoters including B.AI, MERX, Oobit and dTelecom are deploying x402-based tracks and USDT liquidity for machine-to-machine payment settlements for AI proxies. Deposit activity in B.AI has accelerated since April 2026, indicating early momentum for agent-driven demand on TRON.
Together, these two independent reports demonstrate that TRON has evolved from a leader in point-to-point stablecoin transfers to the infrastructure layer of global digital finance. As adoption expands to include consumer payments, commercial settlement, cross-chain mobility, and emerging AI-native applications, the network demonstrates how scalable blockchain infrastructure can support real economic activity around the world. By providing efficient and easy-to-use blockchain solutions, TRON is driving the development of the next generation of decentralized technology.
About TRON DAO
TRON DAO is a community-governed DAO committed to accelerating the decentralization process of the Internet through blockchain technology and decentralized applications. The TRON blockchain was created in September 2017 and has experienced significant growth since it was launched on the main network in May 2018. As of now, TRON holds the largest circulation supply of USDT stablecoins, with a scale of more than US$90 billion. According to TRONSCAN data, as of July 2026, the TRON blockchain has more than 394 million total user accounts, a total transaction volume of more than 14 billion, and a total lock-in value of more than US$26 billion. TRON has been recognized as the global settlement layer for stablecoin transactions and daily payments, and has achieved success,"moving trillions and empowering billions."
